Introduction

What is ESAF Small Finance Bank Limited? ESAF Small Finance Bank Limited is a bank in India. Think of it as a place where people save money, take loans, and do other bank-related stuff. It’s an important player in India’s banking world.

ESAF Small Finance Bank

Recent Financial Performance

How did the bank do recently? In simple terms, the bank made more money this year compared to last year. For a specific period ending on June 30, 2023, the bank’s profit went up by 22.64%. This means if they made $100 last year, they made about $122.64 this year.

Year

Profit (in crores)

Description

Last Year

₹105.97

The bank made ₹105.97 crores during this time last year.

This Year

₹129.96

This year, they did better and made ₹129.96 crores. That’s an increase, which is good news for the bank.

Operational Highlights

What’s an operating profit? Operating profit is like a report card for banks. It tells us how much money the bank made after paying off its bills. For our bank, ESAF, this profit grew by 33.46% from the previous year. So, they’re not just making money; they’re also managing their expenses well.

Year

Operating Profit (in crores)

Description

Last Year

₹225.29

Last year, after paying all its bills, the bank had ₹225.29 crores left.

This Year

₹300.67

This year, they managed to have ₹300.67 crores after all expenses. This shows they’re doing a good job.

Net Interest Income (NII) Analysis

What is NII and why is it important? NII stands for Net Interest Income. Imagine you lend your friend $10, and he gives you back $12. The extra $2 is the interest. Now, banks do this on a much larger scale. They lend money and earn interest. But they also borrow money and pay interest. NII is the difference between the interest they earn and the interest they pay. It’s a big deal because it shows how well a bank is doing its main job: lending money.

For ESAF, their NII went up by 30.46% this year. This means they’re doing a great job lending money and managing their costs.

Year

NII (in crores)

Description

Last Year

₹448.76

Last year, the bank’s NII was ₹448.76 crores.

This Year

₹585.45

This year, it went up to ₹585.45 crores. This is a sign that the bank is on the right track.

Business Growth and Expansion

How is the bank growing its business? Banks grow by lending more money to people and businesses. One way to measure this is by looking at the “Advances under Management.” For ESAF, this number has gone up by 35.08% in a year. This means the bank is lending more, helping more people, and growing its business.

Date

Advances under Management (in crores)

Description

June 30, 2022

₹12,735

Last year, the bank had given out loans totaling ₹12,735 crores.

June 30, 2023

₹17,203

This year, they increased it to ₹17,203 crores. This shows the bank’s commitment to helping more people and businesses.

Asset Quality and Management

How well is the bank managing its loans? Not everyone can pay back their loans on time. When they don’t, these loans become what banks call “Non-Performing Assets” or NPAs. It’s essential for banks to keep this number low. Good news! ESAF has improved its NPA position, meaning fewer people are defaulting on their loans.

Date

GNPA (in crores)

NNPA (in crores)

Description

Last Year

₹734.36

₹439.42

Last year, the bank had some loans that weren’t being paid back. GNPA was ₹734.36 crores, and NNPA was ₹439.42 crores.

This Year

₹237.61

₹115.61

This year, these numbers have gone down a lot. GNPA is now ₹237.61 crores, and NNPA is ₹115.61 crores. This is a big improvement and shows the bank is doing a good job managing its loans.

Management’s Perspective

What does the bank’s boss think? Kadembelil Paul Thomas, the big boss (or CEO) of ESAF, shared his thoughts. He’s happy with the positive results and promises to keep up the good work. He believes in helping the community and providing value to the bank’s customers.

Future Outlook and Commitment

What’s next for the bank? The bank isn’t just resting on its laurels. They’re looking ahead! They want to bring new ideas, grow more, and always put their customers first. They aim to play a big part in the financial world and help the economy grow.

Conclusion

In simple words, ESAF Small Finance Bank Limited is on a roll! They’re lending more, managing their loans well, and have big plans for the future. The bank’s boss is happy, and so are the customers. It’s a win-win for everyone!

FAQ

ESAF Small Finance Bank Limited is a bank in India that offers various banking services like savings, loans, and more.
ESAF Small Finance Bank Limited is based in India.
The bank’s profit increased by 22.64% for the quarter ending on June 30, 2023, compared to the previous year.
The bank’s operating profit is the money it makes after paying off its bills. It grew by 33.46% from the previous fiscal year.
NII is the difference between the interest the bank earns from lending and the interest it pays when borrowing.
The bank’s NII increased by 30.46% for the quarter ending on June 30, 2023.
It refers to the total amount of loans given out by the bank. It’s a measure of the bank’s lending activities.
The bank’s Advances under Management grew by 35.08% as of June 30, 2023, compared to the previous year.
NPAs are loans that people haven’t paid back on time. A lower NPA means the bank is managing its loans well.
The bank has improved its NPA position, with fewer people defaulting on their loans compared to the previous year.
Kadembelil Paul Thomas is the CEO of ESAF Small Finance Bank Limited.
The bank aims to innovate, grow, and focus on customer-centric solutions, contributing to the financial ecosystem.
Yes, like all regulated banks in India, ESAF Small Finance Bank Limited follows strict guidelines to ensure the safety of its customers’ deposits.
Yes, ESAF Small Finance Bank Limited offers various digital banking services for the convenience of its customers.
You can visit any of their branches or check their official website for details on opening an account.

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